AIA Singapore has partnered with the Singapore University of Social Sciences (SUSS) to introduce the country’s first Minor in Insurance Fundamentals programme.
This collaboration, formalised through a memorandum of understanding, aims to nurture a future-ready workforce for the insurance sector and support Singapore’s status as a leading financial hub.
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The joint initiative is set to commence in January 2025, with enrolment beginning later this month.
It is tailored for full-time and part-time undergraduates at SUSS, as well as working adults, including those enrolled in the university’s Continuing Education and Training (CET) and SkillsFuture Career Transition Programme Certificate in Personal Banking.
Upon completion, participants will be awarded a Certificate in Insurance Fundamentals.
The Minor in Insurance Fundamentals curriculum is crafted to impart a comprehensive understanding of insurance principles, compliance and financial expertise.
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By GlobalDataStudents will delve into subjects such as customer relationship management, contract and agency law, and financial markets, preparing them for roles in financial planning, brokerage and agency management.
An exclusive six-week internship at AIA Singapore will be accessible to all full-time second year SUSS undergraduates.
Some participants may also secure full-time positions at AIA Singapore after they graduate.
Third-year students pursuing the minor who meet the prerequisites can join AIA Singapore’s workforce while continuing their studies through SkillsFuture Work-Study Degree (WSDeg).
The WSDeg programme integrates work and study, allowing students to apply academic theories in practical settings and gain professional experience.
Furthermore, AIA Singapore and SUSS will co-develop reskilling programmes for AIA employees, in compliance with Workforce Singapore’s Information and Communications Jobs Transformation Map.
Approximately 100 AIA employees will be upskilled in AI and related technologies over the coming years.
This initiative complements SUSS’s position as a Training Partner with the Infocomm Media Development Authority to offer reskilling courses for AI professionals, contributing to the country’s agenda for reskilling and upskilling.
AIA Singapore chief human resources officer Aileen Tan said: “Despite the rise in online platforms and digital touchpoints, we continue to see a growing demand among customers for personalised advice and guidance from financial consultants.
“This demand, coupled with Singapore’s shifting demographic, signals the need for a direct and formal pathway for professional development in insurance, which is currently lacking.”
